BKIRF (Black Iron) Debt-to-Equity: -0.12 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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What is Black Iron Debt-to-Equity?

Black Iron BKIRF +40.45% Debt-to-Equity is -0.12 as of Mar. 2026. The stock has 2 warning signs investors should review. Among 1,225 Metals & Mining companies, Black Iron ranks worse than 81632.57% on this metric.

Black Iron's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.10 Mil. Black Iron's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.31 Mil. Black Iron's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $-3.56 Mil. Black Iron's debt to equity for the quarter that ended in Mar. 2026 was -0.12.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Black Iron's Debt-to-Equity or its related term are showing as below:

BKIRF' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.27   Med: -0.12   Max: 0.12
Current: -0.12

During the past 13 years, the highest Debt-to-Equity Ratio of Black Iron was 0.12. The lowest was -0.27. And the median was -0.12.

BKIRF's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.14 vs BKIRF: -0.12

Black Iron  (OTCPK:BKIRF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Black Iron Debt-to-Equity Related Terms


Black Iron Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Black Iron's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Black Iron Debt-to-Equity Chart

Black Iron Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 -0.27 -0.14

Black Iron Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.24 -0.20 -0.17 -0.14 -0.12

Black Iron Debt-to-Equity Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Black Iron's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Black Iron Debt-to-Equity vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Black Iron's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Black Iron's Debt-to-Equity falls into.



Black Iron Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Black Iron's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Black Iron's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -0.12 mean?
Black Iron (BKIRF) has a Debt-to-Equity of -0.12 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Black Iron and its competitors. According to the industry distribution chart, Black Iron ranks #999999 out of 1225 companies in the Metals & Mining industry.
Is Black Iron's Debt-to-Equity too high?
Black Iron's current Debt-to-Equity is -0.12. Based on the distribution chart, Black Iron ranks #999999 out of 1225 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers.
How does Black Iron's Debt-to-Equity compare to competitors?
According to the Metals & Mining industry distribution chart, Black Iron ranks #999999 out of 1225 companies for Debt-to-Equity. This places Black Iron in the lower half of its industry. The industry median Debt-to-Equity is 0.14. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Metals & Mining company?
The median Debt-to-Equity among Metals & Mining companies is 0.14, based on 1,225 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Black Iron and its competitors. For the Metals & Mining industry, the median Debt-to-Equity is 0.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Iron's current Debt-to-Equity is -0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Iron stock overvalued right now?
Black Iron (BKIRF) has a current Debt-to-Equity of -0.12. The current Debt-to-Equity is -0.12. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Black Iron (BKIRF), the current Debt-to-Equity is -0.12 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Black Iron Business Description

Address 198 Davenport Road, Toronto, ON, CAN, M5R 1J2
Black Iron Inc is engaged in the exploration and development of ferrous metals in Ukraine, namely the Shymanivske iron ore project located in Kryvyi Rih, Ukraine. The Shymanivske project is surrounded by five operating iron ore mines, including several owned by Metinvest and ArcelorMittal's iron ore complex.